DWP Investment Management is a Registered Investment Adviser (RIA) with the Texas State Securities Board. We manage taxable and tax-deferred accounts for individuals and families.
Investment Manager vs. Brokers
As a Registered Investment Adviser, we hold a fiduciary relationship with each client. Simply put, this means we are legally held to the highest standard of care - making investment decisions for the sole benefit and interest of our clients.
Conversely, broker-dealers are simply required to make suitable recommendations to their clients. Instead of having to place his or her interests below that of the client, the suitability standard only details that a broker-dealer has to reasonably believe that recommendations are suitable for clients. A broker's duty is to the broker-dealer he or she works for, not necessarily the client served.
Daniel W. Payne, CFA
Daniel Payne has been in investment management for more than 18 years, both as an independent adviser and as a portfolio manager for Bank of America’s Private Bank (U.S. Trust), where he managed over $500 million in private client assets. Additional experience includes corporate development, corporate venture investments, and investment banking.
Daniel received his M.B.A. from the Darden School of Business at the University of Virginia and his B.B.A. from Austin College. He is a CFA charterholder and a member of the CFA Society of Austin and the CFA Institute.
Subscribe to Our Blog & Mailing List
SmartVestor™ is an advertising service for investing professionals. Advertising fees paid by the SmartVestor Pros are not connected to any commission, portfolio, service, product, or other service offered or rendered by any SmartVestor Pros. SmartVestor Pros are subject to initial vetting by Ramsey Solutions, and they affirm a Code of Conduct. SmartVestor Pros are not employees or agents of Ramsey Solutions. Neither Ramsey Solutions nor its affiliates are engaged in rendering investing or other professional advice. Ramsey Solutions does not receive, control, access, or monitor client funds, accounts, or portfolios. Ramsey Solutions does not warrant any services of SmartVestor Pros and makes no claim or promise of any result or success of retaining a SmartVestor Pro. Your use of SmartVestor, including the decision to retain the services of any SmartVestor Pro, is at your sole discretion and risk. Any services rendered by SmartVestor Pros you contact are solely that of the SmartVestor Pro. The contact links provided connect to third-party sites. Ramsey Solutions and its affiliates are not responsible for the accuracy or reliability of any information contained on third-party websites.